Zip Code
87402
City
Farmington, NM
Population & Migration
What is the forecasted population for Zip code 87402 Farmington, NM?
- Population census 2020
- 9,620
- Forecasted population 2025
- 10,500
- 0.09% vs. 2020
- Forecasted population 2030
- 9,403
- -0.02% vs. 2020
Zip code 87402 Farmington, NM population is forecasted to grow 0.09% by 2025 (4.4 points above the 4.7% national average).
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Housing and Affordability
With a forecasted population of 10,500 people for 2025 zip code 87402 Farmington, NM will generate a good demand for housing, which is expected to have an excess of -88 houses for 2030. Vacancy rate is 2.0 points below national US average.
- Total homes available 2020
- 3,955
- Estimated total home demand in 2030
- 3,866
- Total homes balance inventory
- -88
Average Household Income in zip code 87402 Farmington, NM
from Internal Revenue Service
- Average household income in 2021
- $91,270
Affordability
- Affordability Index
- 2
Affordability indicates the ability of potential homebuyers to afford a home measured in number of years needed to pay a house. Example: Home Price 500,000 / Household Income 100,000 = 5 Years = Index 5
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Climate Resiliency
Drinking water violations
How is the quality of drinking water in Zip code 87402 Farmington, NM?
County total number of drinking water violations
235
-4%
244
County total number of drinking water contaminations
14
-42%
24
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